X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

An Alabama One employee allegedly helped forge the signatures of two long-term members in order to steal $22,000 from their home equity line of credit, according to court records.

The November 2013 litigation was the first of the seven, so far, legal complaints that members of the $603 million Tuscaloosa, Ala., credit union have filed against the cooperative, alleging several different instances of wrongdoing. Alabama One settled the complaint confidentially in September 2014, but the settlement became public when it was entered into evidence during a bankruptcy case on other Alabama One loans.

Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.

Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical CUTimes.com information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including Law.com and GlobeSt.com.

Already have an account?

 

Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including TreasuryandRisk.com and Law.com.

Already have an account? Sign In Now
Join Credit Union Times
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.